The TJX Companies, Inc. (NYSE:TJX) Given Consensus Rating of “Moderate Buy” by Analysts

The TJX Companies, Inc. (NYSE:TJXGet Free Report) has been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $111.50.

Several equities analysts recently weighed in on TJX shares. Telsey Advisory Group increased their price target on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. BMO Capital Markets increased their price target on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Robert W. Baird increased their price target on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Loop Capital increased their price target on shares of TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd.

View Our Latest Report on TJX

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Valued Wealth Advisors LLC raised its stake in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies in the fourth quarter worth approximately $27,000. Anchor Investment Management LLC bought a new position in shares of TJX Companies in the fourth quarter worth approximately $28,000. First Pacific Financial bought a new position in shares of TJX Companies in the first quarter worth approximately $29,000. Finally, BKM Wealth Management LLC bought a new position in shares of TJX Companies in the fourth quarter worth approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX stock opened at $112.97 on Thursday. The firm has a 50-day moving average of $105.10 and a 200-day moving average of $99.41. The company has a market cap of $127.67 billion, a P/E ratio of 28.03, a P/E/G ratio of 3.00 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. TJX Companies has a one year low of $83.60 and a one year high of $112.97.

TJX Companies (NYSE:TJXGet Free Report) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. Equities research analysts forecast that TJX Companies will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

TJX Companies Company Profile

(Get Free Report

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.

Further Reading

Analyst Recommendations for TJX Companies (NYSE:TJX)

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